Friday, 9 May 2014

Closing Brief

US equities saw minor chop across the day, with the sp +2pts @ 1878. The two leaders - Trans/R2K, settled higher by 0.2% and 0.9% respectively. Near term outlook remains moderately bullish, and the sp'1900 threshold looks due to be broken next week.



...and another week comes to a close.

Suffice to say, a rather quiet end to the week, which is probably a good thing.

I hold long, via CHK, DO, SDRL, and STX, will be seeking to drop all of them in the low sp'1900s.

Have a good weekend everyone.

*the weekend post will be on the US monthly indexes